Wealth Juice | Real Estate, Personal Finance, Investing

What's a Franchise and How Do You Buy One? A Conversation with "Franchise King" Lance Graulich

Episode Summary

Have you ever sat inside a Starbucks, Chick-fil-A, or McDonalds wondering how you could own one? This week we sat down with Lance Graulich, known in the industry as the "King of Franchising" to unpack the fascinating world of business franchises. Throughout the episode Lance took us through the process of what it takes to own a franchise and opened our eyes to many new categories we didn't even know existed in the franchise world. As the CEO of ION Franchising, an industry-leading franchise consulting and development group, he and his team represent over 800 franchise brands. Lance has helped over 1,000 people go from “Wanna be” entrepreneurs to franchise owners and has a passion for making people's dreams of owning a franchise possible. One of his proudest accomplishments is assisting the TGI Fridays franchise grow to $225,000,000+ in revenue. Lastly, Lance is also the host of the Eye on Franchising Podcast, which has 300+ 5-star reviews and ranks in the top1.5% of all podcasts globally. This is an excellence resource if you are looking to learn more. If you are interested in purchasing a franchise and would like a personal introduction to Lance, drop us a DM on Instagram and we'll make sure you get connected!

Episode Notes

Have you ever sat inside a Starbucks, Chick-fil-A, or McDonalds wondering how you could own one? This week we sat down with Lance Graulich, known in the industry as the "King of Franchising" to unpack the fascinating world of business franchises. Throughout the episode Lance took us through the process of what it takes to own a franchise and opened our eyes to many new categories we didn't even know existed in the franchise world.

As the CEO of ION Franchising, an industry-leading franchise consulting and development group, he and his team represent over 800 franchise brands. Lance has helped over 1,000 people go from “Wanna be” entrepreneurs to franchise owners and has a passion for making people's dreams of owning a franchise possible. One of his proudest accomplishments is assisting the TGI Fridays franchise grow to $225,000,000+ in revenue.

Lastly, Lance is also the host of the Eye on Franchising Podcast, which has 300+ 5-star reviews and ranks in the top1.5% of all podcasts globally. This is an excellence resource if you are looking to learn more.

If you are interested in purchasing a franchise and would like a personal introduction to Lance, drop us a DM on Instagram and we'll make sure you get connected!

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Previous Guests on The Weekly Juice Podcast include: 

Brandon TurnerTarek El-Moussa, David GreeneTony J. Robinson, Mike Ayala, Jamie Gruber, Robert Croak, Mark Simpson, Chad “Coach” CarsonHeather Blankenship, Tim BratzJ. ScottMatt FairclothMichael Elefante, Devon Kennard, Paula PantJake Harris, and Avery Carl

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Disclaimer: The information provided in this podcast is for informational purposes only and should not be considered as financial advice. The content of this podcast is based on the personal opinions and experiences of the speakers, and it is important to do your own research and seek professional advice before making any financial decisions. Investing in financial markets involves risk, and you should be aware of the potential for loss. Always consult with a qualified financial advisor or professional before making any investment decisions. Remember, the opinions expressed in this podcast are solely those of the individuals involved and do not necessarily reflect the views of any organizations they are affiliated with.